Ideas & Insights

From retroactivity to loss of planning techniques, this year we face a unique set of concerns when considering gift and estate planning.

Stimulus legislation extends through 2021 the 100% of AGI deduction for itemizers and availability of a deduction for non-itemizers.

Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.

The Internal Revenue Service issued proposed regulations establishing a user fee to request estate tax closing letters.

These FAQs help family offices take a look at document management and retention practices, policies, technology systems and procedures.

Former Vice President Joe Biden’s tax plan features significant changes. Rates seem likely to rise, even if President Trump wins re-election

Volatility and uncertainty in the markets create an unprecedented opportunity to transfer carried interests at low tax cost.

The CARES Act includes beneficial tax relief. Coupled with sophisticated planning, now is the time to revisit your individual tax strategy.

The conditions that cause uncertainty today create opportunities to transfer wealth to the next generations at historically low tax cost

In this podcast, learn what provisions of the SECURE Act are likely to affect your financial, tax and estate plans.

The Act’s significant implications for individuals’ retirement and estate planning suggests that they consult with their advisors…now

IRS confirms that gifts between 2018 and 2025 will be covered by the exemption then in place and not in the year of death.

The IRS released Revenue Procedure 2019-44 listing the inflation adjustments for individual, trust and estates.

The second round of Qualified Opportunity Zone regulations may spur taxpayer confidence and financial implications will drive investment.

Exploring ways to incorporate qualified opportunity fund investments into your overall estate and gift tax plan.

High court allows Minnesota Supreme Court decision finding so-called “grantor-domicile” rule unconstitutional to stand.

Highly-anticipated trust taxation case considers whether a state can tax a trust based on the residency of a beneficiary.

Rules clarify how S corporation income allocated to an ESBT will be taxed when a trust beneficiary is a nonresident alien.

Favorable estate planning rules in place to 2026 would be less so in 2021 under some Democrats’ proposals. Time to consider the what ifs?

Justices express concern over North Carolina’s tax on the undistributed trust income earned for the benefit of a resident.

High court to decide whether in-state beneficiary of nonresident trust is sufficient for the Due Process Clause.

The filing instructions released earlier this month for Forms 706 and 709 indicated a change in the mailing address.

Knowing that there will be no loss of the benefit of using the higher exemption before 2026, we consider some ways and means of using it.

Proposed regulations confirm that tax-free gifts made between 2018-2025 will not end up being taxable after 2025.

The Tax Section of the State Bar of Texas addresses fiduciary income tax concerns in a comment letter on the proposed 199A regulations.

Good news and bad news…ESBTs qualify for the section 199A deduction but anti-abuse provisions would curtail use of multiple trusts.

Estate planning strategies to help minimize future estate, gift and generation-skipping taxes for estates in excess of the exemption.

A practical look at how individuals can understand the impact of TCJA on their planning and what steps they might consider in response.

Two months after TCJA became law, we can now calibrate the outer limits of 2018 wealth transfers with precision, not approximation.

An uptick in key interest rates suggests that now is the time to take advantage of the planning opportunities created by the new tax law.

Repealing the estate tax but keeping the gift tax will complicate wealth transfer planning. But there are ways to avoid big mistakes.

Rev. Proc. 2017-34 makes it easier (and cheaper) to obtain an extension to elect portability of decedent spouse’s unused exclusion.

Our presenter shares how to optimally work with your advisors on some of the more unfamiliar pitfalls and risk areas in estate planning.

Individuals who would like to explore how to cover the cost of long-term care can set the agenda for a productive discussion with an agent.

Requesting relief through a late election will ensure an individual's generation-skipping transfer (GST) exemption is allocated correctly.

Key exception enables executors and families to transact with private foundations without triggering penalties.

This webcast examined risk management strategies designed to help preserve your wealth for future generations.

This slight reprieve in the upward trend of rates keeps the window open for wealth transfer on a gift tax-efficient basis.

With the estate tax part of a larger picture in flux, those who part with their capital today may experience not-so-sweet sorrow tomorrow.

Repeal of the estate tax would have immediate impact on the fundamental components of a business owner’s succession plan.

IRS clarifies definition of spouse, husband and wife, and marriage for federal income, gift, estate and employment tax purposes.

Get a quick summary of our recent webcast exploring three options a business owner can consider when selling their business.

Strategies to consider to meet your personal objectives without succumbing to frequently overlooked planning traps.